Reece is an industrial distribution business based in Australia. Reece shares (REH) are listed on the Australian Securities Exchange (ASX) and all prices are in Australian dollars. Reece has a trailing 12-month revenue of around $8.8 billion. If you're looking to buy shares, check out the steps below.
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| 52-week range | $13.4854 - $20.5377 |
|---|---|
| 50-day moving average | $18.5146 |
| 200-day moving average | $18.372 |
| Target price | $15.24 |
| PE ratio | 32.27 |
| Dividend yield | $0.25 (1.29%) |
| Earnings per share (TTM) | $0.61 |
The technical analysis gauge below displays real-time ratings for the timeframes you select. However, this is not a recommendation. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
Historical closes compared with the last close of A$20.01
| 1 week (2023-11-30) | 3.46% |
|---|---|
| 1 month (2023-11-10) | 5.82% |
| 3 months (2023-09-08) | 4.00% |
| 6 months (2023-06-09) | 7.23% |
| 1 year (2022-12-09) | 37.05% |
|---|---|
| 2 years (2021-12-10) | -18.43% |
| 3 years (2020-12-10) | 33.67% |
| 5 years (2018-12-10) | 107.64% |
Valuing Reece stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Reece 's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Reece 's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 32x. In other words, Reece shares trade at around 32x recent earnings.
That's comparable to, say, the P/E ratio for the ASX over the 12 months to December 2019 (32.14).
Reece 's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $826.1 million (£0.0 million).
The EBITDA is a measure of a Reece 's overall financial performance and is widely used to measure stock profitability.
| Revenue TTM | $8.8 billion |
|---|---|
| Operating margin TTM | 8% |
| Gross profit TTM | $2.5 billion |
| Return on assets TTM | 6.27% |
| Return on equity TTM | 11.16% |
| Profit margin | 4.39% |
| Book value | 5.612 |
| Market capitalisation | $12.5 billion |
TTM: trailing 12 months
Dividend payout ratio: 86.21% of net profits
Recently Reece has paid out, on average, around 86.21% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 1.29% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Reece shareholders could enjoy a 1.29% return on their shares, in the form of dividend payments. In Reece 's case, that would currently equate to about A$0.25 per share.
Reece 's payout ratio would broadly be considered high, and as such this stock could appeal to those looking to generate an income. Bear in mind however that companies should normally also look to re-invest a decent amount of net profits to ensure future growth.
The latest dividend was paid out to all shareholders who bought their shares by 10 October 2023 (the "ex-dividend date").
Reece 's shares were split on a 5:1 basis on 18 December 2017. So if you had owned 1 share the day before the split, the next day you would own 5 shares. This wouldn't directly have changed the overall worth of your Reece shares – just the quantity. However, indirectly, the new 80% lower share price could have impacted the market appetite for Reece shares which in turn could have impacted Reece 's share price.
Over the last 12 months, Reece 's shares have ranged in value from as little as $13.4854 up to $20.5377. A popular way to gauge a stock's volatility is its "beta".
Beta measures a share's volatility in relation to the market. The market (AU average) beta is 1, while Reece 's is 0.74. This would suggest that Reece 's shares are less volatile than average (for this exchange).
Reece Limited engages in the distribution of plumbing, waterworks, bathroom, heating, ventilation, air-conditioning, and refrigeration products to commercial and residential customers in Australia, the United States, and New Zealand. It also distributes irrigation and pools, and kitchen products. The company serves customers in the trade, retail, commercial, and infrastructure markets. The company was formerly known as Reece Australia Limited and changed its name to Reece Limited in November 2015. Reece Limited was founded in 1919 and is based in Cremorne, Australia.
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